DIAMONDS Trust Series 1 DIA

By Price Headley : Another week, another record high. Nothing new there, though at this point the market's gotten uncomfortably overbought. The rationale side of your brain says that's a reason to sell… or at least stop buying. Yet, the instinct to want to jump onto this rising rocket also makes ...

By Jeff Miller : Ready or not, we should expect a week dominated by an even greater focus on Fed policy. There are four reasons: The economic data calendar is very light; Earnings season has ended; Many will be heading for the exits early, anticipating a holiday weekend; and finally Bernanke ...

In the prior essay in this series, I demonstrated that US systemic liquidity is at frighteningly high levels and that this could become a key factor that enables the formation of a stock market bubble, as risk aversion and liquidity preference declines. In this regard, it will be helpful to review

By Kevin Flynn : We have gone from silly to farce in the space of an equity week, and it is now officially time to begin selling your flex money in earnest. What's been behind the manic stage is self-begotten momentum, a liberal dash of carry trade unwind, and one rather tepid employment number ...

By Jeff Miller : When David Tepper speaks, the market listens. In Autumn, 2010, Tepper, the highly successful billionaire hedge fund manager, explained that for stock investors , the Fed had your back. Using options jargon, he said that there was a "put" (downside protection) regardless of what the

By Harlan Levy : Economist Ethan Harris is managing director and co-head of global economics at Bank of America Merrill Lynch. Previously he worked at Lehman Brothers, where he was chief U.S. economist since 2003. Before that he worked at the Federal Reserve Bank of New York. Harlan Levy: What do

By Tim Duy : Gavyn Davies at the Financial Times questions the Federal Reserve's employment target: On the wider issue of general monetary policy, the behaviour of inflation and unemployment remain the key drivers, and here the Fed has a headache. Its forward guidance on unemployment is in danger

By David I. Templeton : Not much seems able to restrain the strength of the bull market in U.S. equities. On a year to date basis, the S&P 500 Index is up 15.43% . The advance has finally drawn investors into equity mutual funds as reflected in positive equity mutual fund flows the first three ...